Global Dairy Trade Price Index
a.k.a. GDT, GDT auction
The price index from regular online dairy auctions, closely watched as a driver of the New Zealand dollar.
In plain English
The price index from regular online dairy auctions, closely watched as a driver of the New Zealand dollar.
The Global Dairy Trade platform holds auctions twice a month, where products like whole milk powder and butter are sold. Its price index summarises the result.
Dairy is New Zealand's biggest export, so a strong GDT auction tends to support the New Zealand dollar and a weak one can weigh on it.
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